Jonah Jang Presents Over N215 bn As 2015 Budget

Governor Jonah Jang of Plateau State, on Tuesday, proposed a budget of over N215 billion as the 2015 budget, though with a deficit of N10 billion when compared to the N225 billion in 2014 budget. “This shows a 4.26 per cent drop from last year’s estimate. As already explained above, this drop is as a result of dwindling economic fortunes, particularly in the oil sector,” Jang explained. Part of the problems, he said, was the internally generated revenue, IGR, which had not met its target of N16 billion for 2014. The budget is composed of over N92.4billion for recurrent expenditure, representing 42.93 per cent, while N122.9billion was allocated to capital expenditure, representing 57.07 per cent. Jang said the 2015 budget would be funded from the IGR with an estimate of N16.8billion. The governor stated that the state government was able to generate revenue of over N93billion for the implementation of the 2014 budget. This represented only 41.46 per cent of the approved budget estimate for 2014.